Coventry cuts all buy-to-let rates by up to 0.40%

Coventry for intermediaries has reduced selected residential fixed rates and all buy-to-let fixed rates, as well as extending end dates on all available products in the range.

Residential rates have reduced by up to 15bps and buy-to-let rates are down by up to 40bps.

A two-year residential product aimed at first-time buyers has reduced to 5.14% at 90% LTV with no product fee and £500 cashback.

Buy-to-let highlights include a five-year fixed rate remortgage product at 65% LTV, reduced to 4.26% with a £1,999 product fee and the option of £350 cashback or the use of the Society's remortgage transfer service.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Brokers are essential for future homeowners who are keen to step onto the property ladder, existing homeowners looking to secure their next deal, and landlords alike. Our latest reductions are designed to support brokers by providing more great value options for their clients.”